Tag: Gas

Ethereum Reaches a new All-time High for Gas Usage

Transaction fees affecting different cryptocurrency ecosystems in unique ways. For Ethereum, its gas used – based on a 7d moving average – has reached a new all-time high.  Every service or application built on top of Ethereum utilizes gas to operate. Ethereum Gas Usage Rises Swiftly Additionally, all regular users also pay transaction fees in gas. As such, the more popular the network becomes, the higher the gas usage will …
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Ethereum Surpasses 700,000 Ether in Total Network Fees

Every individual cryptocurrency network has many different statistics worth keeping an eye on. The Ethereum network recently surpassed 700,000 Ether in total fees paid, which marks a rather interesting milestone. No one can deny that there are very few successful crypto projects out there. An Interesting Milestone for Ethereum Based on user adoption, transaction values, and fees, only a handful of crypto assets make a real impact. Ethereum certainly belongs …
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4 Reasons why Tokenizing Ethereum Gas Makes Perfect Sense

Ethereum is one of the more interesting blockchain and cryptocurrencies ecosystems next to Bitcoin. Even so, there are genuine concerns over its capabilities to scale or reduce overall transaction costs. It appears a solution has come to market which allows users to tokenize Ethereum Gas as they see fit. There are a lot of interesting aspects to this concept, albeit it remains to be seen if and how it will …
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GAS Price Gains 40% yet no one can Explain why

Weekends often result in unusual phenomena where cryptocurrency trading is concerned. Several markets have risen by over 30% in value today, even though there is zero reason for any of them to do so. The NEO Gas price is currently on quite the tear, as its value continues to rise. A peculiar development, as this utility token has now re-entered the market cap top 100. Gas Price is Moving up …
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